Page 8 - Markets

Nippon India Multi Cap Fund delivered a healthy return under CIO S R Bhan

Nippon India Multi Cap Fund delivered a double-digit return even as the broader markets struggled to stay in positive territory

Sebi relief for large registrars on enhanced reporting requirements

Markets regulator Sebi on Monday provided relaxation of 60 days to large Registrars to an issue/ Share Transfer Agents (RTAs) from complying with the enhanced requirements pertaining to periodic reporting. Under the rules, QRTAs or qualified RTAs are required to comply with enhanced responsibilities through adoption and implementation of an internal policy framework and periodic reporting requirements. In a circular, Sebi clarified that an RTA would be categorised as QRTA if at any time during a financial year, the combined number of physical and demat folios being serviced by the RTA for listed companies exceeds 2 crore. In case of the categorisation as a QRTA, an intimation needs to be sent by the RTA within five working days to Sebi. Further, it said that an RTA will be considered as a QRTA from the date of categorisation as a QRTA and will be considered as such for the next 3 financial years, irrespective of subsequent fall in number of folios and will be liable to comply with

Real estate market's hall of mirrors no fun house, but mood upbeat

Despite multi-year low valuations, brokerages see rise in demand and fall in inventory

Market turmoil leaves investors poorer by more than Rs 4.4 trillion

Domestic equity investors' wealth eroded by more than Rs 4.43 lakh crore on Monday as fears of a financial contagion triggered by one of the biggest bank failures in the US roiled market sentiments. After a strong opening, Indian stocks went into a tailspin with the benchmark 30-share BSE Sensex tumbling nearly 900 points to close at 58,237.85 points -- sliding for the third straight trading session. The NSE Nifty too declined 258.60 points to end at 17,154.30 points. Reflecting the massive sell-off across sectors, the total market valuation of BSE-listed companies stood at Rs 2,58,56,295.60, leaving investors poorer by Rs 4,43,023.89 compared to the closing level on Friday. The total market valuation was at Rs 2,62,99,319.49 at the end of trading on Friday, when the key index had crashed more than 670 points. Out of the 3,757 stocks that traded on the BSE, as many as 2,915 closed in the red while 695 managed gains. A total of 219 stocks touched their 52-week low while 75 reached

4 Adani group stocks locked in 5% upper circuits in weak market

Adani Group said it has completed full prepayment of margin linked share backed financing aggregating to $2.15 billion, well before committed timeline of 31 March 2023

YES Bank tanks 13% intra-day as 3-year shareholder lock-in period ends

Analysts at ICICI Securities believe near term risk include decision to write-down AT-1 bonds being challenged in court, which is currently stayed and supply overhang post expiry of stock lock-in

Nazara Tech's 2 subsidiaries hold Rs 64 cr in SVB; stock hits record low

The balances held at SVB by Kiddopia Inc. and Mediawrkz Inc cumulatively account for $7.75 million.

Global Surfaces IPO opens today: GMP, subscription status, all details here

Global Surfaces IPO subscription status: According to BSE, as of 10:40 AM on Monday, the issue has been subscribed 0.04 times

Sona Comstar slumps 6% after 20% equity changes hands via block deal

At 09:15 am; nearly 118.76 million equity shares representing 20.3 per cent of total equity of Sona Comstar had changed hands on the BSE, the exchange data shows

Indian markets won't enter bear territory anytime soon: Nischal Maheshwari

Profit margins for Indian companies are likely to improve as input costs have stabilised since last year, says Nischal Maheshwari, CEO of institutional equities at Centrum Broking

Eight of top-10 firms lose Rs 1.03 trn in market-cap; RIL, ICICI hit hard

Eight of the top 10 valued firms faced a combined erosion of Rs 1,03,732.39 crore in market valuation last week, with Reliance Industries and ICICI Bank taking the biggest hit amid an overall weak trend in equities. During the holiday-shortened week, the 30-share BSE Sensex declined 673.84 points or 1.12 per cent amid concerns over the quantum of the next interest rate hike by the US Federal Reserve. Barring Bharti Airtel and ITC, eight firms suffered erosion from their market capitalisation (mcap). The market valuation of Reliance Industries plummeted by Rs 41,878.37 crore to Rs 15,71,724.26 crore, the most among the top 10 firms. The mcap of ICICI Bank tumbled Rs 18,134.73 to Rs 5,88,379.98 crore. The valuation of HDFC Bank tanked by Rs 15,007.38 to Rs 8,86,300.20 crore, and that of State Bank of India eroded by Rs 12,360.59 to Rs 4,88,399.39 crore. HDFC's market valuation diminished by Rs 6,893.18 crore to Rs 4,77,524.24 crore. Tata Consultancy Services' (TCS) valuation slump

Adani-Hindenburg saga: Over dozen involved in short-selling under Sebi lens

Fund source, disclosures being examined

Sebi resolves 2,672 complaints through SCORES platform in February

A total of 2,672 complaints against companies and market intermediaries received through capital markets regulator Sebi's SCORES platform were disposed of in February, according to Sebi data. At the beginning of February, as many as 2,603 complaints were pending and 2,321 fresh complaints were received during the month, the data released by Sebi on Friday showed. These complaints were related to refunds, allotment, redemption and interest, among others. The regulator noted that there were seven complaints as of February 2023, which were pending for more than three months. These complaints were related to research analyst, investment adviser, corporate governance/ listing conditions, non-demat, remat and transfer/dividend/rights/redemption. The average resolution time for a complaint is 30 days, it added. In a separate public notice, Sebi mentioned six entities against whom complaints have been pending for more than three months on SCORES as of February 2023. These are Grovalue ..

TMS Ep387: Kishore Biyani, Indian rupee, markets, High Seas Treaty

What makes Kishore Biyani's Future tense? Is the rupee headed for internationalisation? Will Fed action, inflation data sway markets? What is the High Seas Treaty? All answers here

No SVB-like scenario in India; banks are on a strong footing, say analysts

The sell-off in the banking pack, analysts said, was a knee-jerk reaction to the developments with US-based Silicon Valley Bank (SVB) that announced a share sale to shore up its finances

Women hold around 36% of senior positions in India's mid-market biz: Report

Over 36 per cent of senior management positions in mid-market businesses in India are being held by women, which is more than the global average of 32 per cent, according to a report. According to Grant Thornton's International Business Report on 'Women in Business 2023 - The push for parity', 32 per cent of senior management positions are now held by women globally, in mid-market businesses, and the same stands at 36 per cent in India. Around 9 per cent of such businesses still have no women in senior leadership roles globally, the report said. "As we continue to strive for gender parity in the workplace, it is encouraging to see progress in the representation of women in senior leadership positions. "To push for better parity, businesses must adopt a hybrid or flexible approach, create a supportive and understanding culture, and focus on employee well-being and mentoring programmes that support women," Grant Thornton Bharat Partner Pallavi Bakhru said. Working towards improving

Investors pour Rs 15,700 crore into equity mutual fund schemes in Feb

February inflows most in nine months, debt schemes continue to struggle

SVB shares halted for pending news after sinking another 69% premarket

Adding to SVB's woes, venture capitalists including Peter Thiel's Founders Fund urged portfolio businesses to limit their exposure to the firm

Stock of this shipping company has zoomed 32% in two days

Seamec has entered into a subcontract with its consortium partner in Pipeline Replacement Project (PRPVII) for subsea installation works of ONGC on unit rate basis

Equitas SFB slips 13% as new shares list post merger with Equitas Holdings

Total 789.53 million shares have been listed pursuant to the scheme of amalgamation of Equitas Holdings with Equitas Small Finance Bank